The future

James, brilliantly, sold his house last year and invested the money – about a million. Since then the value of the old digs has gone down and his portfolio’s gone up. “I’m okay,” he says. “Even learned to live with that up-down stock market volatility thing. Selling was the right move.”

In fact he and his partner now lease a better place than they owned. The portfolio pays the rent. Live for free. But James is starting to worry about larger and darker things than the real estate market or the VIX. I received this letter over the weekend:

Climate change and its effect on markets in the next twenty years (my own personal drop-dead date) and how to protect one’s income from looming disaster have me up at night. It is pretty clear from the latest IPCC offering that unless we do something big soon humanity is doomed and with Trump types driving the bus we are going over some form of cliff very shortly.

In my view:

Tropical zones will be uninhabitable perhaps within 15 years.

Mass migrations will occur (This is excluded from the IPCC report but its obviously going to happen as the tropics heat further and the sea rises. Bangladesh will disappear for instance.)

Manufacturing and trade will be massively disrupted.

Financial markets will suffer. (Note I didn’t say “crash”.)

Even if we do all the right things and limit emissions that will still on its own have a massively detrimental effect on markets. We can’t achieve a limit on warming emissions while continuing business as usual without curtailing fossil fuel use. Manufacturing will decline, shipping will decline, all forms of business that currently depend on fossil fuels will decline. Global tourism will decline as jet air travel is curtailed.

You tell me what the effect of all that will be on financial markets but I think values will decline and we will enter a planetary depression that will dwarf 1929. I am not sure we can fix this with more solar panels especially with people like Ford throwing sand in the gears.

So what does the small investor like me do to survive? I have one and a quarter million dollars invested, much as you suggest, we own no property, its all paper. I have never been a doom and gloomer nor a nuclear-apocalypse homesteader type but I am now worried that the proverbial will hit the fan long before I expire.

Staying invested is clearly sensible for the next decade but beyond that good planning would suggest thinking up a parallel plan B. Buying a small farm in Northern Quebec isn’t my gig and I would be too old to work it by the time I needed to but maybe my grandson could survive there?

Cheerful aren’t I? What are your thoughts? What can I do?

Well, first, if you’re a rednecky reader, think Trump’s a deity, believe carbon taxes are theft, the Paris Accord was a trap, the UN scientists are bogus and climate change is a hoax, just ignore this post. Go hunting. Or bowling. Under-oil your truck before winter. Teach your dog to fetch beer. Rest your knuckles. Generally stand down and let the lefties worry that hurricanes, drought, temp changes, wild fires, mud slides, typhoons and rising seas are, like last week’s international report claims, actually related and portend the future. After all, if you think climate change is bogus, you’ve nothing to fret over.

But if, like Jim, you see scary decades ahead and a retirement running smack into an environmental crisis, how might you prepare?

He’s not alone. A Global Investor Survey discovered almost 70% of professional money managers think climate change is “a material risk or opportunity across their entire investment portfolio.” The IPCC report last week figured this could cost the world $54 trillion (yeah, with a T) in lost economic activity and damage globally. It’s estimated retail investors (like us) will be dinged $4.2 trillion over the next five or six decades as the world heats, melts, floods and changes. A Stanford U report says world income could fall 23% during this century, and storm damage be epic (as with Michael, a few days ago).

Here’s an interesting quote from Henry Paulson, the guy who was Bush’s Treasury Secretary during the Lehman Brothers collapse and former CEO of Goldman Sachs: “As someone who has spent a good deal of time assessing risk and dealing with crises, I’m struck by the similarities between the climate crisis and the financial crisis of 2008. The greenhouse-gas crisis, however, won’t suddenly manifest itself with a burst, like that of a financial bubble. Climate change is more subtle and cruel. It’s cumulative.”

What to do?

The best strategy at this moment is to maintain a globally-diversified portfolio. You have no real idea where changing weather will have the greatest impact, so why try to guess? Every serious investor should have exposure to Canada, the US, Europe, Asia and emerging markets.

Second, understand why balance will help mitigate risk. Maintain a small pile of the right kind of bonds to dampen stock volatility plus own preferred shares for tax-efficient income and to offset rising rates (they are inevitable). Invest in REITs because they’re not correlated to stock markets and can provide return-of-capital distributions. And keep a little cash at all times, since it’s a defensive asset and can almost pace inflation now that HISA yields are rising. Use ETFs – don’t try to pick individual stocks. Elon Musk may be a visionary, for example, but he’s just a toke or two from blowing up Tesla. Of course, stuff your TFSA and mainline RRSPs as well if you don’t have a DB pension.

It’s probably a safe bet this portfolio will protect you and (hopefully) double your money over the next decade, six-tenths of which could be Trump years. If that’s the political reality, you can be sure zip will be done about climate change on a global basis.

After that, harder choices.

A decent idea will be to start dumping investments in companies and industries that feed climate change and will inevitably be punished for it. Coal’s a good example. Conversely, you can invest in industries that will be pushed to the forefront by government regulation, like wind and solar. Meanwhile don’t get too excited about so-called ‘ethical’ or ‘green’ strategies or funds – most of them give a dismal rate of return and do nothing to save the world.

Green bonds are an option. The market is small in Canada, but promising. So far Ontario and Quebec have issued them, along with one federal government agency, TD Bank, CoPower and Manulife. Returns aren’t bad – in the 3%-4% range – and the capital raised is used to fund environmentally-sustainable enterprises. Jut relax for now, and expect many more of these climate change assets to materialize.

As for have a stash of cash, Winchester Defender, months’ worth of food, a kick-ass vehicle, self-sufficient homestead, safe perimeter, survival skills and tasty beasts in the barn, well, you’d better befriend a redneck. Just don’t tell her why.

Wouldn’t owning hard assets like gold and real estate (somewhere to hunker down) be best? I wouldn’t sleep at night with 1.2MM in a bank. Who knows what would happen to the money in this digital and risky world. Especially if climate change blows up the internet. Who a house with food and beverage in the cold cellar and some gold bars. Keep maybe $250K in bank invested.

Ok take it easy jumping on the climate change band wagon. I am currently in Germany and they have shut down all nuclear reactors except for 1. That’s right 1 ever since the Fukishima tsunami, Germany has been hell bent on removing all of their reactors. And they are replacing their energy needs with yup you guessed it dirty brown coal. There is way too much climate change rhetoric (as if we really can do anything about it). It always amazes me that those who jump on the climate change wagon live in the more polluted parts of the country but blame not themselves but others for the added climate change pollution.

October may be nasty.I’d say cash out for the next few months and buy a little gold for insurance.If they start cutting interest rates again and have QE 4 then jump all in using margin to the max because the stock market will explode higher.Good times are coming either way.The fed has our back and remember zirp and all the stock buy buy backs for the last 8 years was awesome baby!

I used to live at 12th and Commercial across from Clark Park in the mid 1980’s in a house almost exactly like that one pictured.
$400/ month rent in 1983- 85 was the market rate……and a case of 12 beer cost 8 bucks

Not even a Grade 8 Science experiment would accept those errors (recall +/- 5%).

– – – – – – – – – – – –

Nothing like drumming up mass hysteria and today’s blog underlines that in spades (w/the exception of Garth’s usual great advice).

People need to ask questions and not believe the largely Lefty, the sky is falling, MSM you have in N. America. They are sickening in their bias and engage more and more in shoddy sensationalist journalism.

Forgot, for all those worried about WATER LEVELS RISING, you should.

If you go to Herculaneum, as I did, the sea wall the Roman’s built is currently 450 m. from Mare Nostrum. Ignore history at your own peril and we have. There are other former ports like this all over the Mediterranean (e.g., Ephesus).

No recorded fanfare historically about higher temperatures than we have now (Google “Holocene”, Bronze Age a part of it). And yes, the Polar Bears made it thru the Holocene without our help.

Balance. A good thing. Seek it out.

When the IPCC climate models can emulate a Grade 8 Science experiment (+/- 5% error) then start worrying. They are far from that needed precision.

a millionaire worried about the environment, talking about his portfolio. i see, ask a poor person what they think about the environment.
rich educated white male north american based bias.
until you have to run away from a swarm of beggers in india who follow you and bother you relentlessly, you really dont know how lucky you really are.
they waited for me from one store to another, crazy.

Mexico fits into the top ten most populous countries on the planet. In 1910 the population of Mexico was a tiny 15 million; in 1960 a mere 50 years later and the population more than doubled to 35 million; in even less time to the year 2000 Mexico was over 100 million which constitutes tripling the population in less than a generation; today at over 135 million Mexico is still a third world country with half the population under 35 living in poverty. It is not fossil fuel that is the threat to the planet but quadrupling the population of very poor third world countries like Mexico and most of sub Sahara Africa. Birth control is the only answer to offset climate change and destruction of the planet.

Human history shows us that predicted doom n gloom prophecies never come to pass. Google ‘Malthus’ and see how wrong he was. I won’t get political, but will say that investing in a Garth approved portfolio is essentially a bet on human ingenuity, and for the last quarter millennium it has paid off spectacularly. There is little evidence that the current doom mongers are any more able to predict the future than any of us. Remember that money and zeitgeist are highly contrarian – whatever received wisdom is telling you, suspect the opposite is just around the corner.

Some Humble Thoughts on
the Great American President Donald J. Trump
and some Interesting Proposed Construction Projects

History can take some very interesting turns, especially the history of one of God’s most favored nations on earth, the United States of America. If the great American President Donald J. Trump was specially raised up to give the American people one last chance to avoid the new dark age of utter depravity that the opposing and obstructing politicians are hoping and scheming and plotting to bring about, he could be literally impossible for anyone to get rid of. All the dreams of the wicked to unfairly and unjustly impeach the great American President Donald J. Trump will be frustrated. It will drive them bonkers. That is simply how fate works.

When the great American President Donald J. Trump wisely suggested a relatively small and practical construction project like a southern wall to keep violent criminals, rapists, and drug dealers out of the USA, the continually opposing and obstructing politicians gnashed their teeth and wanted to set up so-called “sanctuary cities” to aid and abet the MS-13 gang members so they could rob, rape, and kill Americans safely. Imagine all that fuss over a simple, sensible wall of defence intended to protect decent American citizens from violent aliens illegally entering the country to rob, rape, and kill them.

Now, try to imagine what the continually opposing and obstructing politicians will do if they find out that merely building sensational skyscrapers, gorgeous golf courses, and wonderful walls of defence, is not all there is to do. If the great American President Donald J. Trump’s calling is to do even greater things, such as to help rebuild the Temple of the Lord in Jerusalem, the unhinged Demonrats will really start to foam at the mouth and go totally berserk.

Of course, if anyone can do a high-quality job of this, and get it done on time and under budget, The Donald can. He is heavenly blessed and worldly wise. The future looks so bright, everyone should get out their sunglasses.*

*Applies to USA only. (Canada will be without light, power, coal, etc., but will have weed, carbon taxes, gender confusion, etc.)

“As for have a stash of cash, Winchester Defender, months’ worth of food, a kick-ass vehicle, self-sufficient homestead, safe perimeter, survival skills and tasty beasts in the barn, well, you’d better befriend a redneck. Just don’t tell her why.”

_______________________________________

All of these are actually essential, however.

We can only pray that climate change takes a decade to create disaster, as this report suggests.

That is far too hopeful, alas.

In fact, Trump et. al. will bring us to crisis much more quickly. Saudi Arabia may just be the next canary in the coalmine.

Tip: Snatch up rural properties quickly, now, before demand raises prices.At least 100 km from major urban centres, and locations where you can grow food and operate a small solar greenhouse. Sell all urban real estate asap, it will soon be plunging in value. Store gasoline and get one vehicle with alternative energy source. Get a well dug immediately. Learn about what it takes to survive in rural settings.

A couple of recent howmuch articles should probably get a run out today.

Click on the links to get the full experience if interested.

Here’s the first…

M44BC

“The Economic Cost of Mother Nature’s Destructive Fury in U.S.

Hawaii’s Kilauea volcano is now threatening to destroy more homes, forcing the authorities to order a mandatory evacuation for additional neighborhoods. There’s no telling when the volcano will finally stop, but it has already destroyed 82 structures. That means we will have to wait assess the final cost of damages, but it got us thinking about the most expensive natural disasters in American history.

We found the numbers for our visualization from the National Oceanic and Atmospheric Administration (NOAA), which tracks the frequency of natural disasters, their total property damage and the resulting number of deaths. The numbers represent cumulative damage from each category of natural disaster between 1980 to 2017. NOAA has its own sophisticated methodology for how it accounts for these figures. They include both insured and uninsured losses that would not have happened had such an event not taken place. Of course, there’s considerable uncertainty involved in any such counterfactual estimate, but the research is backed by career scientists and economists with a sophisticated understanding of statistics. See here for a detailed description of NOAA’s methodology.

Our Voronoi diagram actually tells a compelling story. For starters, hurricanes loom large as the catastrophic events causing by far the most damage over the last 37 years, totaling an astonishing $850.5B. Hurricane season is upon us again, and sure enough Hurricane Florencehas the Carolinas in its crosshairs this week. And let’s not forget Hawaii, which just got through Hurricane Lane and is now facing another tropical storm in Olivia. The City of Houston meanwhile is still struggling to recover from an insane amount of damage from Hurricane Harvey. All of this suggests that hurricane damage has been and will continue to be a perennial challenge in the US.

One surprise in our visualization is how small the damage caused by wildfires ($53.6B) is compared to droughts ($236.6B). The media spends a significant amount of time covering fires, and rightly so—they are truly terrifying events to witness. California is still suffering from the Mendocino Complex wildfire, the largest ever. A separate fire even closed Interstate 5, forcing truckers to abandon from their vehicles. To put it crudely, crops withering in the field isn’t as compelling of a story as compared to the dramatic photos of houses bursting in flames.”

M44BC
Mapping the Economic Destruction of Climate Change in Every State.

Climate change is a hot-button issue. Liberal news outlets worry about the planet becominguninhabitable for humans, but conservative stations highlight any debate whatsoever in the scientific community as proof that things might not be so bad. For the sake of argument, let’s assume climate change is real. How might it affect the economy in the state where you live?

We found our data for how climate change would impact state GDP levels from a study published in the journal Science, which proposed a new model for calculating the economic impact of climate change. Researchers considered a range of different factors, like expected changes in agricultural yields, different demands for electrical use, changes in mortality rates, changes to the labor supply, damage due to a rise in sea levels and storm surges, and changes in crime rates. Basically, it’s an incredibly detailed and sophisticated model. We summarized the GDP data for each state to create a new color-coded map, revealing extreme disparities in how researchers anticipate climate change will affect different states.

The states poised to suffer the most damage due to climate change tend to have large cities located on the coasts. Florida and Texas both readily come to mind and in fact they top the list at more than $100B each in predicted losses due to impacts of climate change. Hurricanes and storm surges have already devastated multiple large cities in both states over the past several years. Houston is still rebuilding from the most recent flood and Tampa Bay barely dodgedwhat could have been absolute devastation last fall during Hurricane Irma. California comes in a distant third place at $59.6B, followed by New York at $54.7B and Georgia at $34.2B.

Top 10 States with the Most Economic Damage From Climate Change

1. Florida: -$100.9B

2. Texas: -$100.7B

3. California: -$59.6B

4. New York: -$54.7B

5. Georgia: -$34.2B

6. Louisiana: -$21.8B

7. North Carolina: -$20.2B

8. Tennessee: -$19.8B

9. Pennsylvania: -$18.0B

10. Arizona: -$17.4B

The map demonstrates a clear pattern: states on the coasts, especially in the South and Southeast, stand to lose the most as a result of climate change. Nevertheless, looking at the middle of the country,many non-coastal states will also suffer billions of dollars in damage due to climate change. It is easier to think about how warmer ocean temperatures can increase the power of hurricanes, but it can be much more difficult to understand how drought and wildfires are directly connected to climate change. Even though these midwestern states won’t have to contend with rising sea levels, they will still experience significant costs related to climate change. A couple of the states we mentioned above, for example, experience tornadoes every year and, as rising ocean temperatures will almost certainly increase their frequency and intensity, it makes sense that they will have a greater probability of hitting a major urban center. The common myth persists but it is simply not true that tornadoes “can’t” hit big cities.

All that being said, on a macro level states in the middle and western interior of the U.S. stand to lose relatively little compared to coastal areas. The major exceptions to this rule are Rhode Island ($0.2B), Vermont ($0.5B), New Hampshire ($0.6B) and Massachusetts ($0.7B). The fact that Massachusetts will be relatively unaffected is particularly remarkable, considering that Boston is located on a major harbor. Wisconsin ($0.3B) stands out as the third least impacted, thanks in large part to the Great Lakes (where there’s a near infinite amount of freshwater). The lucky residents of Wyoming and Rhode Island will be glad to know that they can be the least-concerned about climate change from an economic perspective—it bears mentioning, of course, that these are also the least-populated and physically smallest states in the country, respectively.

There is one key assumption that has to be addressed before closing our analysis, however. Long-term predictions about GDP necessarily include several leaps of faith. For example, that productivity growth will continue at its current rate and that breakthrough technologies won’t dramatically change the economy. Suppose it was 1918 instead of 2018; imagine trying to predict the macroeconomic effect of climate change by the end of the century! The country went through a second World War, tons of families bought cars, moved to the suburbs, got air conditioning, Rock & Roll, the Internet—in short, the entire economy went through several enormous transformations during the past century. Do you think the economy will adapt to climate change, or will it just shrink to the challenge?

All that being said, California experienced literally the largest wildfires ever recorded in the state in the months after this data became public. Was that just a coincidence?”

Probably the best one to click on the link and check out the visualization for those visual learners out there…

M44BC

“Visualizing the Most Expensive Natural Disasters in the Last 40 Years.

Hawaii’s Kilauea volcano is now threatening to destroy more homes, forcing the authorities to order a mandatory evacuation for additional neighborhoods. There’s no telling when the volcano will finally stop, but it has already destroyed 82 structures. That means we will have to wait assess the final cost of damages, but it got us thinking about the most expensive natural disasters in American history.

The National Centers for Environmental Information (NOAA) closely tracks severe weather events and natural disasters across the U.S. The dataset runs from 1980 to April 6, 2018, making it one of the most complete and accurate assessments of natural disasters available today. Researchers used the Consumer Price Index (CPI) to adjust the cost of damages, creating a fair apples-to-apples comparison. We illustrated each disaster on a timeline, where the size of the figure represents its total cost.

Top Ten Most Expensive Natural Disasters since 1980
1. Hurricane Katrina: $163.8B in damages, ended in August 2005

2. Hurricane Harvey: $126.3B in damages, ended in August 2017

3. Hurricane Maria: $90.9B in damages, ended in September 2017

4. Hurricane Sandy: $71.5B in damages, ended in October 2012

5. Hurricane Irma: $50.5B in damages, ended in September 2017

6. Andrew: $48.6B in damages, ended in August 1992

7. U.S. Drought/ Heatwave: $43B in damages, ended in August 1988

8. Midwest Flooding: $36.7B in damages, ended in August 1993

9. Hurricane Ike: $35.4B in damages, ended in September 2008

10. U.S. Drought/ Heatwave: $33B in damages, ended in December 2012

Our timeline illustrates how natural disasters have become increasingly expensive over the last 4 decades. In fact, last year they cost Americans a record $306B. Damages from individual events exceeded $10B prior to 2000, with only one event, Hurricane Andrew, coming close to topping $50B. Since the turn of the century, however, Mother Nature has extracted an increasingly higher price from Americans with Hurricane Katrina topping the list at $163.8B in 2005. But that figure isn’t such an extreme outlier any longer as storms have become increasingly costly.

The upward trend in damage is due entirely to hurricanes, but there’s a deeper story going on. Hurricanes have been hitting the Gulf Coast and Eastern Seaboard of North America for centuries, and yes, you can make an argument that recent storms have been more powerful than normal. But the real problem is that Americans have built so many large cities so close to the water without investing in the necessary infrastructure to protect people from disasters. The South is home to a disproportionate share of the country’s fastest growing cities, and we know natural disasters tend to strike the same place time after time. That’s a recipe for very expensive damages.

You can draw a couple more insights from our visualization too. First off, tornadoes are certainly scary events, but they just don’t cause anywhere near as much destruction and property damage as hurricanes. Second, and perhaps more surprising, droughts/heatwaves make it into the top ten most destructive natural disasters. This is no doubt connected to losses suffered on farms in crops and livestock.

The big takeaway here is that if past is prologue, expect there to be several more $50B+ hurricanes in the years ahead. And will we have to add a figure for volcanoes to our timeline if the situation in Hawaii continues to get worse? The Kilauea volcano still has a long way to go, but the costs are already piling up.”

Also, while some areas might be flooded, there is a thing called continental isostatic rebound. Google it. If you want to live in a hurricane zone or on a floodplain, then you’re putting yourself in harm’s way. Much better to live on a plateau or hill.

The great flood of 2013 wiped out 100,000 residents of Calgary who lived on the floodplains of the Bow and Elbow Rivers. The other 1.1 million Calgarians, who live on the plateau or in the foothills, myself included, were not affected. I can’t remember how my portfolio reacted at the time but it has steadily increased about 5% per year since then.

It is not fossil fuel that is the threat to the planet but quadrupling the population of very poor third world countries like Mexico and most of sub Sahara Africa. Birth control is the only answer to offset climate change and destruction of the planet.

That is a typically ignorant, racist, western viewpoint on population, sorry to puncture your bs balloon with the truth.

The real issue is per capita consumption of resources and carbon emissions.

It is countries like Canada that are among the very worst offenders, by far, killing the planet much more individually than poor third world countries.

If nothing else were to change, the best environmental solution would be to drastically limit how many people can live in places like Canada and the USA, as well as other nations scattered around (check the listings).

Each Canadian destroys the planet at the rate of 5-10 “third world” persons.

With the sea level rising, someone best inform those in the Maldives. They are building a $400M expansion to their airport, allowing for larger and more planes to visit (add to Global Warming?). Personally, with fears of a rising sea level, I might have thought they would discourage planes from landing at their airport…..

On second thought, perhaps it is so their citizens can escape when doomsday arrives?

They talk about climate change..this has been the coldest September, October I have ever witnessed. We need to keep in mind climate change will make some areas hotter and some areas like here (Prairies) colder.

Very simple question, but so far nobody can answer it. When someone answers it they’ll get a Nobel Prize. So far no Nobel Prizes have been awarded in any of the hard science surrounding Global Warming.

My personal view is that when someone gets a Nobel Prize in Physics or Chemistry for isolating the CO2 amplification cycle then I’ll know what to do about my portfolio. Until then it’s all just oracles casting chicken bones.

Wow………….seriously……….this guy can’t sleep because of the IPCC report from the UN? Ignore the climate change crusaders people. They are lying to you all! It’s the moral compass of the Liberals and Democrats that’s off in this world. Stay focused on your Christian culture and remember that God is still in control.

Today, there is no money in arguing against climate change and even the IPCC contradicts itself over time. Why you have 1,000’s of scientists (most are not climatologists) signing on (it’s about grants etc. for $$$$).

If you want to hear from bonafide Climatologists presented by very Lefty BBC, watch this 2007 documentary (“The Great Global Warming Swindle”):

A bit sardonic for my liking, but the original IPCC Climatologists and still leaders in their field tell it like it is in that documentary and how the IPCC got hijacked away from sound science…listen to what they have to say in their own words.

Skip thru the sunspot stuff, they make a big deal of that when what the Climatologists have to say is far more interesting.

Almost got whiplash yesterday while driving in Smoke BC along the ocean. Big house across the road from a remote beach (cliff involved) but still nice. For Sale sign “Going Soon”. House has been on the market for at least two months…that I know off. Just drove past two weeks ago and the sign was normal.

Since climate change is a happening thing James best defense is to pay attention to what is going on locally. If one must immigrate, doing so before the masses follow is key. The early bird & all that. Plus it might be wise to learn to grow your own food. I’m not talking acres of land, but a planter box large enough to experiment growing from seed or cuttings. Knowing you can do something because you’ve actually done it is one heck of a confidence booster.

While there is no need to be a ‘Prepper’, not a bad idea to have some basic dry goods in the pantry, like salt, pepper, sugar, flour, rice & pasta. If you never cook, buy small & donate the goods to a food bank every six months, then replace with fresh goods. If you do cook, use the goods up & replace immediately to keep them as fresh as possible. Ditto with canned goods. The idea being that you have enough to prepare basic meals for a week should the food supply be disrupted.

If you don’t want the hassle of maintaining ‘fresh’ goods or the space to store them, invest in an emergency backpack. You will still need to maintain it, but you can easily put a dozen or so freeze dried meal packets, one of those filtration water bottles, waterproof matches, a small emergency med pack & copies of important documents in a lightweight backpack that you can grab should you need to evacuate in a hurry. Just swap out things like aspirin or batteries on an annual basis to ensure the contents are up to date.

Finally, keep in mind that our instant live media streaming of all the world’s disasters magnifies the effect. Just because you see it ‘live’ doesn’t mean it will occur where you live. Like the song says, ‘Don’t worry, be happy’.

I keep asking and I keep being ignored. Where does Canada’s carbon taxes go and what is it spent on? Doesn’t anybody know?

………….
Well my heating bill went up with a carbon tax line item….. then my millennial kids got a carbon tax rebate for low income… and then I increased their room and board .. and it all worked out even in the end!

It’s been winter for 6 weeks already in Albertistan……….. just set the oil sands on fire ffs.

To play (political agnostic) devil’s advocate on Hadcrut4 (audit of global warming data) “…a joint production of the UK Met Office Hadley Centre and the Climatic Research Unit of the University of East Anglia, is the world’s “official” global surface temperature time series…It’s difficult to overstate its importance….One hopes and trusts it’s reliable. Unfortunately, however, it isn’t.”http://euanmearns.com/hadcrut4-strikes-out/

Myriad independent scientists around the world take issue with the IPCC, though you won’t find them reported in today’s gullible MSM. Climate change is indisputable, but likely enough 12 years from now, the predicted apocalypse will pass unnoticed.

People should be much more afraid of heart disease, car accidents and cancer compared to climate change. Also, we have cannabis legalization coming. If you are worried about climate change then maybe cannabis could help you.

A Champagne Socialist. Today protagonist anguishs over the conservative leaders which will enact protection toward his investment loot and gains.
Hey snowflake your hero T2 is asking people like you to pay a Little Bit More so fork it over. You first.

Climate scientists and the scummy Bureaucrats driving the discussion are no better than flat Earth scientists were a 1000 year ago.

You are being shaped like sheep.

Anyone who questioned them was labelled a heretic. Not unlike today.

I had to laugh when ABC news said Michael was the worst hurricane in 150 years. OMG does it occur to anyone that means the world was coming to an end 150 years too?

It’s called cycles folks and governments and scientists hate cycles because it negates all their work to increase fat research contracts and taxes.

The IMF is going broke because Trump has told them to piss off. They are literally months away form being insolvent as is the UN.

What do these scumbags do? Scare the crap out of you. Canadians are literally revolting against CRYBABY and his evil Liberal minions. He needs a boost from an external agency or two to get those economy killing taxes through.

Of course the IMF report appears with a well-timed bunch of crap. If you believe government you are a fool. They game everything.

Canada’s debt binge at all levels of government is coming due. These carbon taxes are the last gasp before the sovereign debt crisis hits Canada head on. We are trillions in debt and obligations.

Further, I suggest you review Solar Minimum. That is your real threat. The Sun’s impact on us is billions of times more critical than Liberal and Cow Farts.

At the Maunder Minimum – Canada will be in a ICE AGE. Not a boiling wasteland.

This is the second reason I moved my family South. Taxes and Ice Ages….

#9 out of work Ceo
On Wikipedia you’ll find a map of where abortion is legalized or illegal globally. The results match up to the current trends.
The devil is always in the details and law. Some coincidence. Not one charity or NGO will raise a peep. Just send money now. Et tu, UN?

Predicting any event more than a few months into the future is a muggs game. It cannot be done other than by guess and luck.

The key is to take a beysian approach and to understand that the market is always the market.

In the case of this writer, he doesn’t have the temperament to be a self-manager of his funds. He should turn his investments over to a professional manager who acts as a feduciary and sleep well at night.

Spot on Garth. I was going to comment about this myself, and glad to see you brought this up. All the people I know of my age are talking about what this new climate reality and the ticking clock will do to the economy in the years ahead. The old ways and old days are done. Tough times ahead for anyone who invests their money the old way.

Re: climate change. Pipsqueaks playing with toys in a sand box. Human beings effect radical change to their climate thus making Earth into a less sexy place to chill.

This is laughable. Yes we’re changing the climate. We have accomplished about two degrees of warming by burning everything we could find since about 1910.

Two degrees and if we add a third we’re done for.

Who are we kidding. We are living in this odd little blip of stable temperature climate that has not existed historically on our planet since an asteroid killed the dinosaurs.

Read up on Greenland ice cores and what they say about the Earth’s temperatures and how they have changed over the eons.

This planet has had swings of 20 degrees or more from the median. Up and down like some crazy may fly in heat. Nutty extremes. Accompanied by wild weather that would make what just happened in Florida look like a summer breeze. Storms that blew for centuries. Ice down to half way through the Indian subcontinent. Oceans that were so high most of North America was under water.

And we are like “oops changed the temp by two degrees. Better move inland if you live in Florida. The game is up”.

Folks, this planet is an angry bear slumbering. If and when it wakes up you won’t care who is President or whether your car is polluting too much. You’ll probably care mostly about how many more minutes you can stay alive. Lifetimes measured in days and weeks rather than years.

If we have woken the bear and set in motion our own destruction then we are the most brain dead idiotic race of nincompoops ever to soil the surface of this wild unpredictable planet.

Have you ever wondered why all the prognostications regarding climate change (meaning man made global warming) are all uniformly catastrophically bad : floods, hurricanes, droughts, etc. Surly there will be positive things to look forward to.
I’m an optimist. I plan to grow orange trees in my back yard. I am looking forward to vacationing at all the tropical resorts that will be opening on Baffin Island.

” It is pretty clear from the latest IPCC offering that unless we do something big soon humanity is doomed and with Trump types driving the bus we are going over some form of cliff very shortly”
=====================================
For some reason, It’s always easy to blame President Trump.

#34 TurnerNation on 10.14.18 at 5:49 pm
Lol a doomer blog dog. The world will end tomorrow. Free beer tomorrow. Always.
Human have migrated around weather pattern since time began.
—————————————————————
Very insightful, so how many future climate refugees are you signing up to house then when they migrate around a weather pattern affecting them towards you?

“the Paris Accord was a trap,”
=====================================
U.S. is still the biggest contributor to this so called “Paris Accord”, cause officially, they can’t pull out until 2020, I believe.

Hard to blame President Trump for pulling out, as U.S. has seen no benefits from all their contributions and why are China and India exempt until 2030.??

James should get a clue about stock market valuations and what happens if the U.S. stock market actually reverts back to when valuations actually mattered pre-1993. It always seems when someone makes a lucky or flukey move their luck soon runs out and they give most of their money back.

#29 Ex-Cowtown on 10.14.18 at 5:27 pm
“My personal view is that when someone gets a Nobel Prize in Physics or Chemistry for isolating the CO2 amplification cycle then I’ll know what to do about my portfolio. Until then it’s all just oracles casting chicken bones.” Svante Arrhenius, a Nobel Prize-winning chemist, originally a physicist, “[…] in 1896, was the first to use basic principles of physical chemistry to calculate estimates of the extent to which increases in atmospheric carbon dioxide (CO2) will increase Earth’s surface temperature through the greenhouse effect. These calculations led him to conclude that human-caused CO2 emissions, from fossil-fuel burning and other combustion processes, are large enough to cause global warming.”https://en.m.wikipedia.org/wiki/Svante_Arrhenius#Greenhouse_effect

@ #17 just because you can’t use google or wikipedia doesn’t make something a conspiracy Bob. Ontario’s ex-program was 100% public, and every dollar raised was put back into green programs – it was NOT put into the general tax pool. $1 in, $1 out. The programs themselves were here:

… A central reason why the condition of the world and of human beings has not improved more, is that the tools of science and scholarship have been turned against themselves. The problem is one of denial. Denial is a process in which systematic attempts are made to overturn an overwhelming consensus against overwhelming evidence, using pseudo-scholarly tools, for dangerous ends.

Denial is a response to the darker sides of modernity. Every potential breakthrough in our understanding of the environment has been contested by deniers with vested interests. [….]

… Deniers are so wedded to their views that they will not revise them no matter what. Denial scholarship is based on a continuous search to find new ways to cast doubt on scientific truths, to find infinitesimal errors and inconsistencies in legitimate scholarship.

@#50 jojo on 10.14.18 at 6:32 pm
Climate scientists and the scummy Bureaucrats driving the discussion are no better than flat Earth scientists were a 1000 year ago.

You are being shaped like sheep.

Anyone who questioned them was labelled a heretic. Not unlike today.

I had to laugh when ABC news said Michael was the worst hurricane in 150 years. OMG does it occur to anyone that means the world was coming to an end 150 years too?

It’s called cycles folks and governments and scientists hate cycles because it negates all their work to increase fat research contracts and taxes.

The IMF is going broke because Trump has told them to piss off. They are literally months away form being insolvent as is the UN.

What do these scumbags do? Scare the crap out of you. Canadians are literally revolting against CRYBABY and his evil Liberal minions. He needs a boost from an external agency or two to get those economy killing taxes through.

Of course the IMF report appears with a well-timed bunch of crap. If you believe government you are a fool. They game everything.

Canada’s debt binge at all levels of government is coming due. These carbon taxes are the last gasp before the sovereign debt crisis hits Canada head on. We are trillions in debt and obligations.

Further, I suggest you review Solar Minimum. That is your real threat. The Sun’s impact on us is billions of times more critical than Liberal and Cow Farts.

At the Maunder Minimum – Canada will be in a ICE AGE. Not a boiling wasteland.

This is the second reason I moved my family South. Taxes and Ice Ages….

Now that is an interesting topic for us to discuss.
__________________

LOL, i can’t believe i just read all that tripe.
Carry on knuckle dragger. Please don’t ever come back to Canada.

Environmentalists have been predicting disaster since their were environmentalists. Don’t worry about it because so far the world is wonderful and these predictions our stupid. Business will go on regardless of if the earth heats up a degree or two or the killer bees make it to Canada.

I worked too much. I probably shouldn’t have. Once you get to the point that you’re actually damaging yourself by working, It’s hard to stop cause then you feel the pain.

I looked at the Warren Buffet stuff and how he was going to leave his kids next to nothing so they could have to get it all themselves and I was like no way am I doing that. I am making my son rich. Consolidate the family holdings. Ruthless brutal accumulation of multiples of millions all stored away for his future enjoyment. My progeny will not walk the earth wondering why his Dad gave the family fortune to charity.

He’ll enjoy a life made possible by the vast family holdings I have put together by almost killing myself.

And he will not have to do that.

You kind of mess with their reality. Like “this is the family summer retreat. Some day it will be yours.”

And it will. Mortgage free. Along with everything else.

A package of assets that would make a Prince blush. All safely stored up and delivered to a little boy as his birth right.

Why not? I know the alternative. I lived it. Street life. Fighting over toilet paper. Getting beyond excited when you had enough change to buy a big Mac. The highlight of the entire week.

Why not advance a child in the family way?

I can live on air. And the system that I rigged to better myself has destroyed me cause I couldn’t do that without wiring my soul to it.

It’s kind of funny that when Al Gore said that NYC will be underwater in a few years (still hasn’t happened) he is taken seriously but when somebody actually prepares for the end of the world (preppers) they’re labeled conspiracy theorists.

Never believe the government. If they’ve identified a problem and have a ready solution, chances are it was the solution that drove creation of the problem. “Climate change” is a tax grab at worst, and a sneaky way to prepare for “peak oil” at best (which will be a far greater problem).

We aren’t at peak oil yet, and it is impossible to know when it will occur because nobody really knows how much recoverable oil there is or what technologies will be applied to increase recoveries (aka the “shale boom”). But we know that the amount available is finite. They aren’t making any more of it. It is a “non-renewable” resource. That means that once it’s gone, it’s gone. And industrial society along with it if we don’t come up with an alternative that “scales” (can be deployed in the same massive way that oil, gas, and coal have been). This is what the powers that be are worried about, not some 2 or 3 degree increase in the temperature of the atmosphere. Historically the atmosphere has had way more variability than that all on it’s own. The only thing that may be unprecedented now is the speed of the change geologically speaking.

There are not more hurricanes, tornadoes, mudslides, floods, volcanic eruptions, plagues of locusts, or liberal governments as a result of climate change than there have ever been. What’s changed is that there are more people living on the coast in shanty huts than there was before, so yes the death counts and financial damage has gone up. Also the TV makes it seem more spectacular than it is. 50 years ago you wouldn’t know a hurricane had hit the gulf coast unless you lived there. There might be a piece on it on the 6 pm news but not the sort of 24/7 coverage it gets now.

I’ve said it before but apparently it bears repeating. We’ve been burning this stuff for 100 years and yes we have raise the amount of CO2 from 270 ppm (parts per million) to 400 ppm and it does seem to correlate with a 1 – 1 1/2 degree (Celsius) increase in average temperatures, but nothing bad has happened (other than man-made disasters like deforestation and over-fishing). We’ve also burned through about half the worlds known recoverable fossil fuel reserves, so we can conclude we won’t get to 600 ppm and maybe a 3 – 4 degree warming. And at that point our descendants will probably be glad about it because they’ll be heating with wood and plowing by horse.

All the Carbon that is in fossil fuels used to be CO2 in the atmosphere and was converted to fossil fuels and free oxygen by plants via photosynthesis. When life began on the planet there was little if any free oxygen, only CO2, and a billion of years of photosynthesis and geological sequestration of the carbon and release of the oxygen “terraformed” the planet into what we have today.

So chill folks, CO2 emissions are a big nothing burger. the era of fossil fuels will end before the planet gets fried. We can’t recover enough of the carbon to even get close to a return of the atmosphere in the pre-life levels of a billion years ago, not anywhere near.

It is also interesting to note as a side fact that had the early earth atmosphere been oxygen rich life probably couldn’t have evolved because CO2 is the necessary gas for plants, not oxygen. Oxygen would tend to “oxidize” and therefore disrupt any chemical reactions that were going on that required CO2, like photosynthesis, outside of a protective cell membrane. When a plant dies and decays now much of the rot is oxygen converting the plant back to CO2, unless the plant gets buried which is how the sequestration worked.

To further the science lesson, much of the work converting CO2 to fossil fuels and oxygen was not done by plants as we know them, a tomato or something, but by primitive and abundant single celled or even pre-celled sea life, something like algae. That’s what got buried to make most of the oil and gas. Coal came later as trees evolved maybe 100 million years before bacteria and insects that could break down the fibers in wood, which was a lucky but brief window in the evolutionary past.

CO2 and water are the two most important inputs to plant life. No CO2, no plants. No plants, no life. And the geological trend for CO2 is clear, it went from about 20% of the atmosphere originally (all the oxygen was in the CO2) to 270 ppm at the start of the industrial revolution, an astounding drop. From 20% to near zero. This was plant life gobbling it all up over 100’s of millions, perhaps more than a billion years.

So chill folks. The CO2 scare is a big nothing burger. It’s a waste of time. We have at least 10 bigger things to worry about. The economic impact of killing off all the bees with pesticides will likely be worse. And if the bees are all dying, what’s happening to the rest of the bugs? They are an important part of the food chain, pesky as some of them might be. Oh well at least my windshield stays cleaner than it used to.

(Many people do not understand what a “part per million” is. I’m here to help. At the start of the industrial revolution we had 270 ppm of CO2 in the atmosphere. That is similar to $270 dollars out of a stack of $1 million dollars. In other words a night at the bar and a taxi home compared to winning the lottery. We’ve increased it to $400 compared to a house in Toronto. We might be able to increase it to $600, enough for a nice dinner for 6 with wine and a tip at The Keg, before we run out of money. I do love me some dinner at The Keg though.)

The letter from James strikes me as a plant from one of those crazy left wing environmental groups. What’s even more surprising is that a seasoned journalist/financial advisor like yourself would fall for it. I’ve worked for the UN and their level of incompetence at just about everything is nothing short of astounding. Do you remember when the World Health Organization – a UN agency – was predicting a bird flu pandemic? I’m still waiting! If any investment advisor of mine was betting money on this bogus science I’d stop doing business with him!

The writer is known to me. The words are authentic. Your comment is ugly. – Garth

hoo boy…you know how I know that Garth has FU money? Because he knows what will happen when he chums the water with a topic like this and he knows he gets splashed with the blowback despite reader comprehension having gone missing.

The human body runs in and around 37°C. You are sick at 38° and really ill at 39-40°. Some of you need to grasp the difference between weather and climate change.

So…over the week end I planted a tree out front. Dog walker came past and stopped. Told me that it was a very slow maturing tree. I know, I said.

Then she asked me why I would plant a tree when I’m not going to see the glory.

The trouble with apocalypses is that they can’t be plural. You only get one by definition. Neither can you set multiple deadlines for Doomsday. It’s a kind of one-off by nature. Do it too often and people cease to take notice or even care.

Everyone knows the sad story of Cassandra, the woman given the gift of true prophecy by the gods and simultaneously cursed to have no one believe her. The IPCC’s problem, up to now, is like that but reversed. Always off, but generously credited. I think that string has run out. They can play Wagner and whistle the Ride of the Valkyries all they want from here on. People are tired of that music, and sick of the band.

Lots of crazy news and reports guaranteed to bring the markets down even further this week. Lets keep pounding all stock prices even lower. Every day it drops it makes the sale prices even better before I buy some more! What an absolutely great time to be an investor and to be alive!

Lots of people cherry picking stats and scientists on both sides of this debate. Climate change was happening before man walked the earth and will probably continue when we are gone. Some people have found a way to make money with it. That is where we are now.

Ya just gotta love signs! Last weekend, up near the community of Restoule, one approaches the lake road over one of those one-vehicle-at-a-time wooden deck bridges. It crosses a small creek, running higher and quick last weekend due to the interminable rain.

In the 10+ plus years we’ve been going up there, the bridge has not changed one bit. Neither has the sign. Still “temporary”. Comforting I think. Mind you, on the other end of the bridge at the approach there is a much shorter sign with a plastic skull perched on the post. A very professional metal sign reads: Zombie Crossing. My grandchildren just love that one!

Friend of mine bought an island. He was a camper. Life of the party. Told stories of his time at camp that included tales of human excrement involved in various pranks and hijinks, sexual experimentation, and copious amounts of nudity participated in by both sexes in various states of intoxication.

Told by him, life at camp resembled a cross between a South American orgy and a weekend at the play boy mansion.

But it all took place without him.

My storied friend who was privy to all this amazing teenage debauchery had to point out at the end of his tale that he did not personally experience the events.

So when the entire senior girls cabin stripped down to nothing and jumped in the lake, he was sadly on laundry duty and heard about the event from an eye witness friend.

When cabin 12 boys played spin the bottle with cabin six girls, resulting in quite a bit of touching and spontaneous nudity, he was sadly in cabin ten, playing crazy eights with a group of less than exciting first years.

Whenever the debauchery and tom foolery occurred, he was unfortunately somewhere else.

He missed the invite to the orgy. He was still a virgin at age 35, despite spending the best years of his life in the woods with more eligible bachelorettes than you could skinny dip with on a hot muskoka night, more cabin fever than you could sweat up in a panty raid. More up to no good than you could muster in a room full of 15 year old hormones. He got left out.

Somehow he just missed all the fun.

So at any rate, he bought an island. In Georgian bay.

For about 2 mil. He’s a lawyer and works for a sister firm. Can borrow as much as he likes. Banks smooch his inexperienced butt. They have a private room at the branch. TNL at TB gets hot flashes when him and his wife walk through the door. It’s yearly quota time.

I was out there. Him and his wife spent the summer weekends there with their two daughters. Eight and ten. They arranged rocks. Very well. Lots of rocks. Pebbles I guess. All lined up on the rooftop deck. They carried them up there. Put them in lines. Like little rock armies. Standing at attention.

I guess they had to. It’s a 45 minute boat ride out there. Not much to do once you get there. Better make sure you brought enough beer.

Keep in mind the world has been about to end several times in human history, yet we’re still here. You have more to gain from being an optimist and investing in the future than you do from being a pessimist and preparing for doomsday.

In the next decade,China is planning to build 700 new coal fired plants, and total new construction by all countries will be about 1,600 new coal plants. I sure feel optimistic T2’s carbon tax will make a difference & save the day.

The nutbars that come to this website are both humorous and depressing. I find it so sad that people fight science. They point to all the nutbar science “proof” but ignore the thousands of points of evidence that common sense would lead one to conclude that human-caused global climate change is real.

Having said that, arguing with climate deniers is a huge waste of time and energy. Canada’s latitude will probably mean a better growing season.

If you want to retire to paradise, all I can offer the original poster is that the tropics will still be habitable. All you need to do is change your elevation. Yes, it may be too hot at the beach, but go up to 1,500 feet elevation, and the weather will be perfect. It doesn’t matter what it is doing at sea level. Elevation always cools things off. South central Costa Rica will still be low 80’s in the daytime and 60’s at night. 365 days of the year. The region has never been hit by a hurricane since records started to be kept of the area.

#64 Sam the Sham on 10.14.18 at 7:19 pm
“…Surly there will be positive things to look forward to.
I’m an optimist. I plan to grow orange trees in my back yard…”

Orange trees need a climate like Florida, Spain or North Africa. Warm all year round. Depending on where you live that may not happen, or it may happen but not every year.

Better get a greenhouse. Buy crop insurance.

#109Politicians and Companies don't do want to do what these people did on 10.14.18 at 10:18 pm

If gov’t and companies take climate change seriously then it can change.

Since the 1970’s Majuli islander Jadav Payeng has been planting trees in order to save his island. To date he has single handedly planted a forest larger than Central Park NYC. His forest has transformed what was once a barren wasteland, into a lush oasis.

When it comes to investment portfolios it does not matter whether one believes in climate change or not.

The policy direction is set. Even in President Trump’s USA there are many corporations, State and city governments and NGOs that are shaping policy in that direction. Institutional portfolio managers are exerting influence too.

Best to set aside the emotion of the believer/non-believer debate when it comes to investing decisions for ones hard earned savings.

I used to live at 12th and Commercial across from Clark Park in the mid 1980’s in a house almost exactly like that one pictured.
$400/ month rent in 1983- 85 was the market rate……and a case of 12 beer cost 8 bucks
———-
You probably had too much of that cheap beer to remember.
A six back of Canadian was around 6 bucks.
The Zalm promised to lower the price of a six back by 1 dollar when elected.
Another broken election promise.
But he had a nice smile.
Faaaaaantastic.

It is very unfortunate that these global warming alarmists continue to spread their propaganda and get so much free publicity. The media gives virtually no attention to alternate points of view. Such as the severe diminishing sun spot activity and what this may mean for our planet. Instead of focusing exclusively on global warming, maybe the world should also concern itself with global cooling and the threats this will place on our global food supply. Starting in the next decade it may be very worthwhile to have your own garden and grow some of your own food.

@The Totally Unbiased, Highly Intelligent, Rational Observer, post #11:
I’m sure that rebuilt Temple of the Lord in Jerusalem will do wonders for all those displaced and starving people in Bangladesh.

@Alberta Ed, post #44:
While out today here in The Forest City I went by a place right full of people who won’t notice any effects of climate change at all 12 years from now. That place is the Mount Pleasant Cemetery, on Oxford Street near the Cherryhill Mall.

The central banks sent a memo to Davos attendees explaining how the coming mass die-off will take place alongside the accelerating rise of the strong AI. This will alleviate any environmental concerns the wealthiest families may have about their future.

#112 Ponzius Pilatus on 10.14.18 at 10:30 pm responded to
#6 crowdedelevatorfartz on 10.14.18 at 4:09 pm
@#1 Flop who said

$400/ month rent in 1983- 85 was the market rate……and a case of 12 beer cost 8 bucks
———-
You probably had too much of that cheap beer to remember.
A six back of Canadian was around 6 bucks.

***************************************
I don’t quite remember the price of beer in 1983 1984

But if it was a buck a beer, you can still get that in some places. Alberta Superstore Presidents Choice Beer was recently $9.99 for 12 cans. Probably still is. Too that add 5% GST and you are still under a buck a beer.

So much for inflation there. But certainly much of the beer in a liquor store is closer to $2 per beer.

On most products today we have way more differentiation in prices. You can still get a basic toilet at 1984 prices like about $75 but you can also easily pay $1500 for a deluxe model.

I think the range in prices between discount sources and regular sources and high-end sources is vastly more than it used to be in 1983. Also way more sort of hidden discount codes and such.

I think it was IHDTC (or some such similar string of characters) that said you can lower your personal inflation to about zero if you try hard.

03 Ray on 10.14.18 at 10:01 pm
In the next decade,China is planning to build 700 new coal fired plants, and total new construction by all countries will be about 1,600 new coal plants. I sure feel optimistic T2’s carbon tax will make a difference & save the day.

Lol
Have you ever heard the expression “ pissing in the wind”
That’s T2

You do realize Martin Armstrong went to prison for 11 years for defrauding investors. It’s kind of a ironic that a fraudster is exposing fraud in global warming data. I’m not suggesting that there aren’t problems with climate change science. But I do believe that credibility is also a factor in these debates. Does Armstrong have more credibility than the debunked climate scientists? Maybe it’s a wash in this case.

And forget about climate change for a moment. Does anyone believe that pollution is a positive or unimpactful? Perhaps climate change activism has become a quasi religion / ideology beyond the hard science . That does not mean it is nonexistent or false. It just means that hyperbole has become prominent. This is true of almost any subject in the media these days. Social media is paramount in disseminating propaganda.

It’s important to keep an open mind and not to dismiss concepts, ideas or data simply because it contravenes a position on the political spectrum. Or because the purveyors of such data are somehow disagreeable.

I don’t think anybody is saying that climate change isn’t real. We know carbon has gone up slightly in the atmosphere and it is attributable to humans and we know that the temperature has risen slightly too, so the correlate just like smoking and cancer.

My point is that cancer isn’t your first concern if you are a young recruit fighting in the trenches of world war one. Have a smoke. Climate change is a big nothing burger. It’s happening, but it doesn’t matter much. Something as simple as over-fishing is a bigger problem, because once you do that too much, the ecosystem collapses and you get no more fish.

Anyway if you want to do something about it turn off your lights and your computer, and leave them off.

This may have already been mentioned. I’m not reading all the verbiage. Far too much!

This is the reality.
If every car was not driven from this date and every industrial emitter was stopped it would not make a difference in stopping the increase in world temperatures. The pendulum has swung too far.
Do the research!

Climate change = problem for mankind.
The old way of solving large and complex global problems was to carefully study it and work together on a solution. Malaria and the rise of Nazi Germany are two prime examples.
The current method in dealing with such problems is to get everyone in an intense and perpetual state of fear, then convince them politicians and their newly invented taxes are the only solution.
I’m not worried one bit.

“Invest in REITs because they’re not correlated to stock markets and can provide return-of-capital distributions.”

I invested in REIT, namely SPDR Dow Jones International RelEst ETF (RWX) around 2007. I thought, why would I bother speculating in Real Estate on my own. I will leave it to professionals. I am 44% down on that investment after over a decade of pain and after a decade of most spectacular real estate boom around the world.

I am really confused about those REITs. If anyone can shed any light how is that possible for those fund managers to do so much damage to peoples money.

It went to pay for Ontario’s drive clean program. After the liberals removed the thirty dollar costs per vehicle , tax payers were responsible for the 40 million a year cost. According to some sources, Ontario’s drive clean program reduces 325 tons of green house gases.

Why continue to deny & rage against the fact we’re shitting all over ourselves and every other living thing on the planet?
Really, if you actually made a contribution towards lifting humanity up through education (birth rates go down) or planted trees or preserved natural areas (stop draining swamps because we need wetlands) or contributed meaningfully in any number of myriad ways….the worst that could happen?
1) you would sleep better knowing you’ve been helpful/productive/ contributed something positive
2) clean water, clean food, clean energy – not so bad eh?
3) lead by example to the next generation = we have a resposibility to ‘cottage rules’ (leave the place better or as good as you found it)
As much as I enjoy this blog the general lack of empathy, self awareness and whinging about Trudeau from readers is somewhat wearing. (But yes, I still read the comments to pan for the occasional gold nugget)
Just try to be a better person, give something back, sleep better for it.

#80 Ace Goodheart on 10.14.18 at 8:00 pm
I worked too much. I probably shouldn’t have. Once you get to the point that you’re actually damaging yourself by working, It’s hard to stop cause then you feel the pain.

I looked at the Warren Buffet stuff and how he was going to leave his kids next to nothing so they could have to get it all themselves and I was like no way am I doing that. I am making my son rich. Consolidate the family holdings. Ruthless brutal accumulation of multiples of millions all stored away for his future enjoyment. My progeny will not walk the earth wondering why his Dad gave the family fortune to charity.

He’ll enjoy a life made possible by the vast family holdings I have put together by almost killing myself.

And he will not have to do that.

You kind of mess with their reality. Like “this is the family summer retreat. Some day it will be yours.”

And it will. Mortgage free. Along with everything else.

A package of assets that would make a Prince blush. All safely stored up and delivered to a little boy as his birth right.

Why not? I know the alternative. I lived it. Street life. Fighting over toilet paper. Getting beyond excited when you had enough change to buy a big Mac. The highlight of the entire week.

Why not advance a child in the family way?

I can live on air. And the system that I rigged to better myself has destroyed me cause I couldn’t do that without wiring my soul to it.

Wow. 9/10 posters screaming, with absolutely zero doubt, that global warming is a hoax. Zero doubt! As in, ‘I refuse to question this belief. I am 100% right and I only quote websites that back up my belief’.

You know Fox News has a term for you right? ‘Useful idiots’.

Myself, I have have nowhere near the experience or knowledge to determine whether or not climate change is man-made or not, nor am I obnoxious enough to declare the results in and debate over. I was searching for one, ONE, reasonable counter-argument to Garth’s posting. I found none. You people are depressing sometimes.

@#112 Ponzie Pilot
“The Zalm promised to lower the price of a six back by 1 dollar when elected….”
+++++
Van DerSlime wasnt Preem until 1986….. It was still Billy B in 1985.
As for the price of beer. I cant find any price listings for BC in 85. But I’m sure it was cheaper than a buck a beer at the BC govt liquor store.
I was living in Alberta in 1980 when the beer strike hit the breweries and beer jumped from $2.85/case before the strike to $4.35/case after the strike ended and then jumped again after 1982 ( gas in Calgary in 1980 was $0.17 litre at Penguin Gas… a private distributor). And a good hourly wage was 12 bucks

What is it that leads us to accidents and/or making bad choices? Inexperience, poor education and/or poor health (physical, mental, emotional, spiritual) lead us to making costly decisions every single time. Without experience, education and good health (physical, mental, emotional, spiritual, bears repeating) our chances for failure balloon and cripple at the very least an individual’s ability or potential to understand or process the problem and solution. Our beliefs and ideals all by themselves can lead us to success or failure. A simple belief that we are knowing instead of guessing, or that we are the smartest in the room (when we are not) is all that it takes to fail.

How about our own Bob Macdonald from CBC? Bob’s only been observing climate change for 40 years (especially at the 8:00 minute mark. We could see a 2.5 degree rise within a few years from Methane alone)

#120 Ponzius Pilatus on 10.14.18 at 11:05 pm
I estimate that there’s about 1car per person in Canada.
33 million.
Americans probably 1.2 per person.
400 million.
Only an idiot can say that this would not impacting the climate.
Proof me wrong.
———————\\\————-

Well, in an effort in levity and Balance, here goes.

Have you ever been driving in traffic, and your eyes start to water from the 1960’s Chrysler Product a few vehicles ahead of you? It is that one older, carbureted low/zero technology engine!

Look into the emission specs ( legally allowable measurements ) for your cars air emissions. That older car , in top shape burns and spews crap out of the tailpie at rates of Hundreds, if not 1000, yes, 1000 times that of the other newer fuel injection cars all around us.

Fun Fact, so for every 1960’s vehicle, we can add 100, 500, or in some cases over 1000 vehicles in its stinky place in traffic!

Fun Fact : The newer Porsche 911 actually takes in that lousy used tail pipe air of the surrounding vehicles, and sends it out the pipes clearer than when it went into the engine! Big myths about cars.

Major fact is, Newer vehicles , say 500 cars or even 1000 trucks combined , pollute far less than that one single old vehicle. Hah, who new?

To achieve Canada’s expected contribution level, this country would have to shut down oil production and all manufacturing in 12 years – according to the experts.

One of the authors of the new UN document, a Canadian professor says that in the same time we would have to rebuild all the houses, offices to become more efficient, we should reduce traveling, eating red meat – among other tasks. The same professor claims that the technology to switch over from fossil energy to alternative sources exists, we just don’t have the political will to make those changes.

The same people start to talk about how MSM should start linking to climate change insurance, wars, migration, etc. to keep people’s attention on the issue.

This blog is doing its part now, by linking investment and global warming.

Mind you, buying the major ETF indexes that make up a Garth approved portfolio, you support the companies who create most of the economic activities that are supposedly responsible for “peoplekind made” climate change. Maybe Garth can prove that this is not true, but I would not hold my breath.

I recommend the gov’t budget one for every Canadian next fiscal (peoplekind and canine alike). Surely then we will collectively discover the hidden cryptic message within the Canadian pledge that “the budget will balance itself”

Since this is an “Investment Blog, I would like to bring forth a quote we all see when considering purchasing investment vehicles:

“past performance is not an indicator of future performance”

We should be using this quote when discussing climate change.

We can infer from the evidence presented in the IPCC that something “might” happen but this is not fact. Much like stocks being hyped, it is conjecture, a best guess situation if you will. Opinions are like assholes, we all have them.

#145 Spectacle on 10.15.18 at 9:54 am
#120 Ponzius Pilatus on 10.14.18 at 11:05 pm
I estimate that there’s about 1car per person in Canada.
33 million.
Americans probably 1.2 per person.
400 million.
Only an idiot can say that this would not impacting the climate.
Proof me wrong.
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Well, in an effort in levity and Balance, here goes.

Have you ever been driving in traffic, and your eyes start to water from the 1960’s Chrysler Product a few vehicles ahead of you? It is that one older, carbureted low/zero technology engine!

Look into the emission specs ( legally allowable measurements ) for your cars air emissions. That older car , in top shape burns and spews crap out of the tailpie at rates of Hundreds, if not 1000, yes, 1000 times that of the other newer fuel injection cars all around us.

Fun Fact, so for every 1960’s vehicle, we can add 100, 500, or in some cases over 1000 vehicles in its stinky place in traffic!

Fun Fact : The newer Porsche 911 actually takes in that lousy used tail pipe air of the surrounding vehicles, and sends it out the pipes clearer than when it went into the engine! Big myths about cars.

Major fact is, Newer vehicles , say 500 cars or even 1000 trucks combined , pollute far less than that one single old vehicle. Hah, who new?

Have you ever been driving in traffic, and your eyes start to water from the 1960’s Chrysler Product a few vehicles ahead of you? It is that one older, carbureted low/zero technology engine!
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It’s not a free lunch though, there are 3 major pollutants that are monitored emissions for vehicles: NOX, Hydrocarbons, and Carbon monoxide.

Hydrocarbons are unburnt fuels
Carbon monoxide are a product of incomplete combustion.
NOX emissions result from high temp combustion burning the nitrogen present in the air.

You essentially can not increase combustion efficiency without increasing combustion temperatures which will then automatically increase NOX. So what we end up doing is running rich to keep the temps low to minimize NOX production, and then burning the unburnt/incomplete portions after the combustion event through various devices.

That means we are burning a lot more fuel than we need to to keep the tailpipe clean. Diesels are especially bad for this – some of the more efficient diesels have had their real world fuel mileages cut in half with particulate filters, and their fuel guzzling cleaning cycles. Many need a consumable DEF (like aqueous urea) just to pass emissions tests, and then there’s VW…

There was a guy way back on Honda-Tech.com that decided to tweak his D series EG Civic for mileage via his standalone ECU. With just tuning and good driving, his 320 HP turbocharged Civic was getting near 70 real world mpg on gasoline. He ran as much timing and as little fuel as possible right around the torque peak. This is essentially double the OEM real world mileage.

This extra fuel usage does come with a Co2 penalty – and not an insignificant one if you follow the fuel from the well to the pump – the entire (usually international) supply line.

But I hear you on the old nasty carbed pre-emissions engines – every now and then I am reminded by ending up driving behind a cat-less classic car out for a Sunday drive…

It’s always the end of the world to the climate change crowd. It’s really all about political power and regulatory domination. Not to mention grant money for those scientists who call for the aforementioned doom. Those who don’t see that are sheep.
Yes, there is very likely a connection between climate and mankind’s activities, but it is also very likely that it isn’t “the” factor that calls for rendering our economy into the dustbin even more than what T2 & co. have done already.

“Keep in mind the world has been about to end several times in human history, yet we’re still here. You have more to gain from being an optimist and investing in the future than you do from being a pessimist and preparing for doomsday.”

Bingo! The end of world was predicted 1000s of times in history and each time it was cancelled due to lack of interest. Victory goes to the optimists.

No one was more influential — or more terrifying, some would say — than Paul R. Ehrlich, a Stanford University biologist. His 1968 book, “The Population Bomb,” sold in the millions with a jeremiad that humankind stood on the brink of apocalypse because there were simply too many of us. Dr. Ehrlich’s opening statement was the verbal equivalent of a punch to the gut: “The battle to feed all of humanity is over.” He later went on to forecast that hundreds of millions would starve to death in the 1970s, that 65 million of them would be Americans, that crowded India was essentially doomed, that odds were fair “England will not exist in the year 2000.” Dr. Ehrlich was so sure of himself that he warned in 1970 that “sometime in the next 15 years, the end will come.” By “the end,” he meant “an utter breakdown of the capacity of the planet to support humanity.”

As you may have noticed, England is still with us. So is India. Hundreds of millions did not die of starvation in the ’70s. Humanity has managed to hang on, even though the planet’s population now exceeds seven billion, double what it was when “The Population Bomb” became a best-seller and its author a frequent guest of Johnny Carson’s on “The Tonight Show.” How the apocalyptic predictions fell as flat as ancient theories about the shape of the Earth is the focus of this installment of Retro Report, a series of video documentaries examining significant news stories of the past and their aftermath.

@Crazyfox, post #139:
Those are some good videos that sum it up quite well. It should be obvious by now that if anyone denies human made climate they do so for idealogical reasons and not because of what good science says about the subject.

Regardless if climate change is man made or not most can agree pollution is bad, less green space is bad, etc.

The question is how to solve or at least mitigate it?

The biggest negative impact on the environment is the increase of global population and increase in global wealth. All the time those are increasing so will the impact on the environment regardless of carbon taxes or banning plastic bags. More people and more people with wealth is the problem.

Does globalism help? Of course not, it the worst thing we can do.

By turning the massive populations of China and India into middle class we hurt the environment. They will pollute and consume more with wealth.

By allowing massive immigration into Canada and the US we hurt the environment. They new immigrants will pollute and consume more in Canada/US than they they would from the developing nations they come.

By allowing massive migration from the middle east into Western Europe we hurt the environment. Same as above.

By subsidizing third world or developing nations we hurt the environment. More wealth means more cars, air conditioning, etc.

Now if it was truly the end of the world we are talking about wouldn’t stopping the above be prudent? When the world ends globalization and increased wealth of developing nations is a moot point. Maybe Trump is the best thing that happened to the environment.

To achieve Canada’s expected contribution level, this country would have to shut down oil production and all manufacturing in 12 years – according to the experts.
_____

The unrealistic expectations can be tempered by putting human hours of labour equivalents to commonly understood units of energy.

The typical human will produce about 100 watts of power doing a moderate job like push mowing a lawn. So push mowing your lawn, or raking leaves – for about an hour – is about the same amount of work you’d need to do so you could light a single 100 Watt bulb for an hour.

There are 33.7 KWH in a gallon of gasoline according to the EPA. (seems high but…)

We use about 800 KWH worth of electricity per month
We burn about 152 gallons of gas per month.

If you do the math, you find that in just one month, our family of four consumes the labour of one Man working full time for 28.5 years. I’d need an army of 352 guys working for me to make that much power in a single month.

Even if you cut the EPA equivalent in half, you’ve still got a Man working for over 16 years to make that amount of power.

If you take the EPA equivalent and extrapolate our household consumption across all of Canada, you would need 5.5 Billion Canadians all working together to maintain our current lifestyles.

We’ve each got an army of “slaves” working for us. Most of the stuff we enjoy would be so labour intensive to power via human sweat, that we would definitely decide just to do without (hot water, toasters, hair dryers, clothes dryers, vehicles etc…)

No one on planet earth will go backwards in this way, the expert’s math is probably near correct – but good luck with getting folks to go back to laundry and baths once or twice a month – in cold water… that you pumped out of the well by hand.

All this wing flapping over climate change is wasted effort – no one will do what is necessary, so that’s the end of it. The only way we’re dropping C02 levels is through new technology.

Confirmation bias. The ones which come to pass are just “history” and regarded as obvious in hindsight. The classic example is the 19th century worries about a European general war involving catastrophic new technologies. Apocalyptic nonsense, until a third of a century of slaughter killed off the old Imperial systems almost entirely. That being said, the Earth will be just fine – it has lived through much worse. The same can’t necessarily be said about our meshwork of complex high-tech systems. I guess we’ll see.

Somehow you are able to worry specifically about climate change specifically, all the while being able to conveniently ignore other issues such as:

-Global Overpopulation
-Continuous potential for global pandemics
-Global economic debt loads
-The terrible state of Canadian government and provincial and individual debt loads.
-Investment dollars leaving this country, which will have a direct impact on the jobs of your children.

-The fact that your children will have a high chance of their ‘careers’ being replace by automation.
-That globalization has eliminated millions of jobs in North America.
-That Iran likely has nukes.
-That China has desires to control most countries in the world.

-That in many countries of the world, governments are thrilled to kill Jews, homosexuals, and women’s rights do not exist.

-That the majority of people looking to retire have insufficient savings.

-That your free health care system is struggling today, and will soon be overwhelmed as the boomers continue to age.

-That your government is unable to control its borders from illegal immigration.

-That Russia and China and the USA are interfering in all elections everywhere.

-That the US democrats have moved so far left that they believe in open borders and unlimited, uncontrolled immigration and free everything for all, and may one day regain power.

-That the likelihood of you getting cancer in your lifetime is over 50%.

-That the average lifespan in developed world is falling.

-That you live in a society that believes that the brutal killing of unborn children is ok up until the very moment of birth.

-That the internet is controlled by 4 or 5 big players, that have decided that free speech is not important.

-That socialist governments think that a wealth tax is a great idea, so that rather than being taxed on what you earn, you will be taxed on what you own. Communist BC does this already.

-That Canada is moving to the hard left, where government thought propaganda, and individual surveillance has impact on the services you can receive, and the world you live in.

-That most of the countries in Africa are run by corrupt regimes.

–That 1 in 9 people lack access to safe water;
-That 1 in 3 people lack access to a toilet.
-That more people have a mobile phone than a toilet.

-That if you make more than $34,000 a year, you’re among the world’s richest 1%.
-That nearly half of the world lives on less than $2.50 a day.
-That 400 million children live in extreme poverty.

And with respect to climate change,specifically:

That those who are utterly convinced that climate change is real, have no other solution to it other than to send the developed countries back to the stone age, and to transfer massive amounts of wealth to developing countries to sooth our collective guilt for being developed, and to tax the local populous into poverty so that government has more revenues to work on important issue such as:

– the gender analysis of pipeline construction
– identifying the next important gender pronoun
– finding the next group to apologize profusely to
– promoting the pot industry to kindergarten age children, in order to maximize the potential tax revenue from this harmless drug.

That implementing climate change polices in Canada, which produces under 2% of the worlds C02, will do nothing to solve the problem.

And that anything that you do, will have absolutely no impact on the issue.

But yes, you should worry about it, alone.

The rest of these issues are really unimportant (certainly compared to your first world problems) and I’m sure they will resolve themselves without any action.

Could Canada reduce C02 emissions by 45% by 2030? Yes. We could. Is there a political will or consumer/Canadian will to do it? No. There isn’t. There is no investor will to do it either. You would have to reduce oil exports/consumption by 50% over 12 years. Its realistic I think, on the consumer side if consumers were more educated but even there, we cheap out and don’t want to spend the money even if it gives us good returns. Look at the comments on this section as an example of what we face.

Full electric cars are difficult in winter in Canada but hybrids will make a difference. However, its extra cost and consumers aren’t taking it seriously. Electric trucks are coming, possibly trains, we need to electrify transportation and I think the market place would get behind it with big changes in both political parties in the U.S. and Canada but that has not yet happened and may not, even unto the end.

We need big changes in the production of electricity as well and that takes advances in storage we don’t quite have yet. We could have it (the videos are worth watching):

… but its not in commercial production yet and that makes me worry because storage is what we need to fast track wind and solar. Otherwise, solar at lower latitudes are already cheaper to produce power than conventional energy… until Trump that is. Trump has truly turned back the clock on everything from EPA regs, gas mileage standards for auto manufacturers and industrial emissions to a 25% tariff on solar panels from China. Nothing will change until Trump is gone but even so, nothing will change until the Republican party is gone due to the deep pockets that back them (Koch bros, energy corps, dark money) and this remains to be seen. Right now, they control congress, Senate, WH and the Supreme court and that’s bad news for the planet. Heck… I’m not sure if the U.S. has the potential to hold fair elections anymore. Certainly in some states, I believe this is already the case and the media has been so successful in supressing the urgency of dealing with climate change that if the Republican party did a 180 message change tomorrow and had their “come to God” moment, they wouldn’t be able to change the mindset of their brainwashed base.

The climate change problem is global and lets face it, a greed and a lack of empathy at all levels is behind it. Governments and industry has been cashing in on polluting and environmental degradation since the beginning and the only way to force change at this point is through greater profits in other tech or economic models which remains to be seen, or catastrophe from climate change and right now, catastrophe looks like the path we are taking.

We need faster advances in tech and this means political and investor will and not simply wait for the Chinese to solve it. The solution needs to be global and right now, I see too much corruption, not enough activism, too much media brainwashing… I’m pessimistic that we will come up with what we need in time to halt catastrophe. Look at the comments in this section. Its not all paid propagandist or Russian trolls we are dealing with here, climate change problem denial is alive and well in consumers, investors, politicians, industry, everyone.

Think of it in terms of a war. No one wants to start it and yet, its already here so we are in denial that we are even in a war, much like Europe was before Nazi Germany until it was too late. Upon realizing you are in a war, no one wants to take losses. No one wants to walk point and take the first shot…. and if no one wants to fight, we lose. And, if we are going to deny the truth, deny facts that are right in front of us and act like a bunch of losers when the time comes, and its here, catastrophe is certain and its the kind of catastrophe where there is no going back. The systems of government we see now, the systems of security, education, markets, economy, it will all end if we don’t fight this war collectively and when I look around and see all the kleptocrats in power… the lack of political will…. I can’t help but look to a higher power for answers and all I get are dire warnings. This next comment of mine is out of context, I know it. But perhaps, it drills home the need for us to do something about it on our own, to not take the threats of climate change lightly. The survival of the coming generations are at stake.

Every human being wants to live better!! People in devleloped countries ie North America, Europe are selfish not wanting to live over their needs into excess so to suppress everyone else in the world into poverty. Do you really need a boat, second car, motorcycle, the 100th pair of shoes etc

In the Kubuqi Desert of Inner Mongolia, China, where centuries of grazing had rid land of all vegetation, Elion Resources Group partnered with local people and the Beijing government to combat desertification and greened one third of the land.

#104 KelownaBusinessman on 10.14.18 at 10:02 pm
The nutbars that come to this website are both humorous and depressing. I find it so sad that people fight science. They point to all the nutbar science “proof” but ignore the thousands of points of evidence that common sense would lead one to conclude that human-caused global climate change is real.
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Stick to what you know. Hopefully that is business because your summary of how science works makes you equal to the “nutbars” you look down on.

Kirsten Zickfeld was one of two Canadians selected to join dozens of experts from around the world to author the report of the Intergovernmental Panel on Climate Change, the IPCC. She’s an associate professor in geography at Simon Fraser University.

“… in order to get there what the report suggests is that we need to reduce emissions by 45 per cent from 2010 levels by 2030 which is only 12 years from now. So what this would imply is phasing out all forms of fossil fuels. So oil, coal, but also natural gas.
… we do have the technological capacity. We do have the means to address this. The cost of renewables has them has decreased massively over the past decade. And energy storage which we need to get with these renewable energy options also has become better, it’s become more affordable. So I think the good news is we’re really have the technical means to do this.”

So one of the authors of the UN report says that we have the technology to phase out in 12 years all forms of fossil fuels: oil, coal, natural gas.

How claims like this don’t discredit the report, the author, unless they know about some secret, suppressed source of clean energy that is ready to be unleashed globally?

I’ve said it before, and I’ll say it again (even though it triggers some people): Humans are cancer of the earth. We weren’t put on this planet to build portfolios and watch television. We consume. We eat, sh*t, and procreate. It’s a sad reality, but most people cannot think outside their basic functions. Hence, this planet is DOOMED. Scientists can yell till they are blue in the face about the changing climate, and a lot of people can’t be bothered to care. All they can focus on is consuming. One day the earth will sluff us off, like it has to millions of other species over millions of years. And we’ll all yell at each other and call each other names, as we drown in the melted ice caps.

Armstrong used his client’s money to buy antiquities, including bronze helmets and a bust of Julius Caesar. He was ordered to return it and he couldn’t.
I not going to debate the merits of the US criminal justice system.
But perhaps if someone can be cynical about his criminal convictions they could be equally cynical about his track record. Either he deliberately engaged in a Ponzi scheme that included the misappropriation of funds or he legitimately and innocently lost $700 million, which would imply that his track record is dubious at best.
If you choose to believe Martin Armstrong that is your prerogative.

The meat industry also plays a huge role in climate change. No human needs to eat meat everyday. Eat less meat and spend more on the stuff that is sourced locally or organically. Look to see where it comes from. Stop eating fast food. That would help things in a hurry.

“One volcanic eruption produces more greenhouse gas than all the autos produce in one year. The scams against the sheeple keep getting easier and easier. I can’t believe how easy this is …
love, carbon tax”

This is patently false. It’s this type of ridiculous comment that muddies the waters and prevents us all from having substantively productive conversations.

“According to the U.S. Geological Survey (USGS), the world’s volcanoes, both on land and undersea, generate about 200 million tons of carbon dioxide (CO2) annually, while our automotive and industrial activities cause some 24 billion tons of CO2 emissions every year worldwide.”

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The views expressed are those of the author, Garth Turner, a Raymond James Financial Advisor, and not necessarily those of Raymond James Ltd. It is provided as a general source of information only and should not be considered to be personal investment advice or a solicitation to buy or sell securities. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor's circumstances and risk tolerance before making any investment decision. The information contained in this blog was obtained from sources believed to be reliable, however, we cannot represent that it is accurate or complete. Raymond James Ltd. is a member of the Canadian Investor Protection Fund.